Common use of PLEDGES TO FEDERAL RESERVE BANKS Clause in Contracts

PLEDGES TO FEDERAL RESERVE BANKS. Nothing included in this Agreement shall prevent or limit the Agent or Lenders, to the extent that the Agent or Lenders is subject to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve Act (12 U.S.C. §341) from pledging all or any portion of that Agent’s or Lenders’ interest and rights under this Agreement, provided, however, neither such pledge nor the enforcement thereof shall release the Agent or Lenders from its obligations hereunder or under any of the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (RoomStore, Inc.)

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PLEDGES TO FEDERAL RESERVE BANKS. Nothing included in this Agreement shall prevent or limit the Agent or Lenders, to the extent that the Agent or Lenders is subject to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve Act (12 U.S.C. §341) from pledging all or any portion of that Agent’s or Lenders’ interest and rights under this Agreement, provided, however, neither such pledge nor the enforcement thereof shall release the Agent or Lenders from its their respective obligations hereunder or under any of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Mothers Work Inc)

PLEDGES TO FEDERAL RESERVE BANKS. Nothing included in this Agreement shall prevent or limit the Agent or Lenders, to the extent that the Agent or Lenders is subject to any of the twelve Federal Reserve Banks organized under §Section 4 of the Federal Reserve Act (12 U.S.C. §341) from pledging all or any portion of that Agent’s 's or Lenders’ interest and rights under this Agreement, provided, however, neither such pledge nor the enforcement thereof shall release the Agent or Lenders from its obligations hereunder or under any of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Wild Oats Markets Inc)

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PLEDGES TO FEDERAL RESERVE BANKS. Nothing included in this Agreement shall prevent or limit the Agent or Lenders, to the extent that the Agent or Lenders is subject to any of the twelve Federal Reserve Banks organized under §ss 4 of the Federal Reserve Act (12 U.S.C. §ss 341) from pledging all or any portion of that Agent’s 's or Lenders's interest and rights under this Agreement, provided, however, neither such pledge nor the enforcement thereof shall release the Agent or Lenders from its obligations hereunder or under any of the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Duckwall Alco Stores Inc)

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